Number
071239
Version
ORIGINAL
Reference
Sponsor
ALD. HAMILTON and WADE
Title
Resolution facilitating industrial expansion in the 30th Street Industrial Corridor by approving the blight designation and acquisition by the Redevelopment Authority of the privately owned properties at 3478 West Hopkins Street, 4250 North 35th Street and 4260-4300 North 35th Street and authorizing conveyance to Integrated Mail Industries, Ltd., in the 1st Aldermanic District.
Analysis
Adoption of this resolution by at least two-thirds vote of the Common Council of the City of Milwaukee will approve the blight designation and acquisition of the properties by the Redevelopment Authority of the City of Milwaukee utilizing the procedures set forth in Section 66.1333 and Chapter 32, Wisconsin Statutes, and will authorize subsequent conveyance to a third party for redevelopment according to the conditions in a Blight Designation Summary and Land Disposition Report.
Body
Whereas, Section 66.1333(5)(c), Wisconsin Statutes, enables the Redevelopment Authority of the City of Milwaukee (“Authority”), with the approval of the Common Council of the City of Milwaukee (“Council”), to acquire blighted property without designating a boundary or adopting a redevelopment plan; and
Whereas, The Authority proposes to facilitate industrial expansion and job creation in the 30th Street Industrial Corridor by Integrated Mail Industries, Ltd. (“IMI”) by acquiring the privately owned properties at 3478 West Hopkins Street, 4250 North 35th Street and 4260-4300 North 35th Street, as summarized in a Blight Designation Summary and Land Disposition Report, a copy of which is attached to this Common Council File; and
Whereas, The Authority has approved a Redevelopment and Eminent Domain Contract with IMI whereby IMI will fund the acquisition; and
Whereas, Proper notice was given to the property owner and a Public Hearing on the blight designation was conducted by the Authority on December 13, 2007, pu...
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